The
economy of Manchester is among the largest in England.
Manchester is a city and
metropolitan borough of
Greater Manchester. It lies within the United Kingdom's
second-most populous urban area, with a population of 2.55 million.
[1] Manchester's
commercial centre is in
Manchester city centre, focused on
Spinningfields,
Mosley Street,
Deansgate,
King Street and
Piccadilly Gardens.
Historically, the world's first industrialised city,
[2] the region was once in economic and population decline.
[3] In 2012 Greater Manchester South, which includes the cities of Manchester and
Salford and three other
metropolitan boroughs, was the
largest NUTS3 area outside London in economic terms, and growth was 3.8% vs the
Core Cities average of 2%.
[4] Between 2002 and 2012 Greater Manchester South grew 45% vs. national growth of 44%.
[5] Meanwhile, the 2011 census also showed that Manchester was the fastest growing city in the UK in terms of population.
[6][7] Manchester is also a city of contrast, where some of the UK's most deprived and most affluent neighbourhoods can be found.
[8][9] According to the 2010
Indices of Multiple Deprivation Manchester is the 4th most deprived local authority in England.
[10] On the other hand, Greater Manchester is home to more multi-millionaires than anywhere outside London, with the City of Manchester taking up most of the tally.
[11] In 2013 Manchester was ranked 6th in the UK for quality of life, according to a rating of the UK's 12 largest cities.
[12]Manchester is considered to be a 'beta'
global city, rated as the second most globally influential city in the UK after London.
[13] The region is now an economic knowledge-led centre, with research and enterprise clustered around the
University of Manchester,
[14] where research ranked as the third most powerful in the UK behind
Cambridge and
Oxford.
[15] Typical industry areas include: digital and creative,
financial, legal and business services,
biotechnology,
advanced manufacturing,
environmental technologies,
tourism, global sports brands,
media and
real estate. The city is also a key location for many foreign owned companies and headquarters, and almost half of the
Northwest's Top 500 businesses,.
[16]Manchester City Council also plays a uniquely active role in business, where it owns key infrastructures such as a 35.5% stake in
Manchester Airports Group, which owns other UK airports such as
London Stansted Airport, and is the owner of the
City of Manchester Stadium, home to one of the world's highest earning football clubs.
[17]Contents
1Economic indices1.1Quality of Life1.2Business2GVA2.1Productivity2.2GVA by sector3GDP4Employment, Welfare and Education4.1Employment4.2Earnings4.3Education5Business activity5.1Headquarters5.2Logistics5.3Banking, finance and insurance5.4Construction5.5Retail6Infrastructure6.1Air6.2Rail6.3Local Transport6.4Technology7Tourism8Sport9Food and drink10See also11References